Major markets have seen strong activity in March, with at least three companies planning to list, including Gopal Sunak. Initial public offering (IPO) It is expected to raise a total of Rs 1,325 crore next week.
The other two companies scheduled to publish their first public issues are: RK Swamy and JG Chemicals.
Additionally, Bangalore-based brands Stanley Lifestyles and Crystal Integrated Services are set to make their first stake sales later this month, merchant bankers said.
Market experts attribute the high IPO activity to a variety of factors, including impressive post-listing gains from recent public offerings and strong macroeconomic conditions.
While 16 companies have launched IPOs so far this year, raising Rs 13,000 crore, Mukka Protein's initial share sale of Rs 224 crore is scheduled to close on March 4.
This comes after 58 first public issues launched in 2023 fetched Rs 52,637 crore. This includes his Rs 3,200-crore IPO of Nexus Select Trust REIT.
Market experts said March is expected to be a wave of IPOs, with plenty of exploration and investment opportunities.
Gopal's Snacks based in RajkotThe Rs 650-crore public issue is entirely an offer for sale (OFS). The offering has a price range of £381 to £401 per share and will be available for public offering from 6th to 11th March.
OFS comprises the sale of shares by Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts Private Ltd and Harsh Sureshkumar Shah.
The Rs 423.56-crore IPO of integrated marketing services firm RK Swamy will open for public subscription from March 4 to 6. The shares are available for bidding in the price range of ₹270-288 per share.
The company's IPO comprises fresh issue of equity shares totaling up to Rs 173 million and OFS of up to 87 million shares through sale of shareholders worth Rs 250.56 million at the upper end of the price band.
OFS shares are issued by Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund LP, and Prem Marketing Ventures LLP.
Funds raised through the new issue will be used to establish a digital video content production studio, establish a new customer experience center and computer-assisted telephone interview center, and for general corporate purposes.
The funds will also be utilized to invest in IT infrastructure development for RK Swamy Ltd and its subsidiaries Hansa Research and Hansa Customer Equity.
The first share sale in zinc oxide maker JG Chemicals is a combination of fresh issue of shares worth up to Rs 165 million by the promoters with an OFS of Rs 39 million at the upper end of the price band. group.
As part of OFS, Vision Projects & Finvest Pvt Ltd, Suresh Kumar Jhunjhunwala (HUF), Anirudh Jhunjhunwala (HUF) and Jayanti Commercial Ltd will offload their shares.
The company has fixed the price range for the Rs 251.2 million issue at Rs 210 to Rs 221 per issue, and the public offering will begin on March 5 and end on March 7.
Proceeds from the new issue amounting to Rs 91 billion will be utilized for investment in JG Chemicals' materials subsidiary BDJ Oxides, while Rs 35 million will be used to finance the company's long-term working capital requirements. Please note that some of the information will be used for general corporate purposes.